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Nonprofiteer
← MEMORIAL SLOAN-KETTERING CANCER CENTER

Form 990 for tax year 2022

Filed by MEMORIAL SLOAN-KETTERING CANCER CENTER.

Totals

Total revenue
$1,846,045,000
Total expenses
$1,477,862,000
Contributions and grants received
$142,197,000
Grants paid
$0
Program service revenue
$1,229,087,000
Investment income
$545,283,000
Other revenue
-$70,522,000
Total assets, end of year
$7,930,219,000
Total liabilities, end of year
$4,419,687,000
Net assets or fund balances, end of year
$3,510,532,000
Program services expenses (Part IX)
$1,338,691,063
Management and general expenses
$54,042,283
Fundraising expenses
$85,128,654
Program service expenses (Part III)
$1,338,691,063

Program services were 90.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $4,668,603

  • 1e · Government grants (contributions)

    $236,000

  • 1f · All other contributions, gifts and grants

    $137,292,397

  • 1g · Noncash contributions included above

    $8,884,500

  • 2a · Program service revenue: SERVICES PROVIDED SEE NOTE A & ATTACH.1 IN SCH O

    total $1,224,646,000 · related or exempt $1,224,646,000

  • 2b · Program service revenue: CAFETERIA

    total $4,441,000 · related or exempt $4,441,000

  • 3 · Investment income

    total $62,829,000 · unrelated business -$9,140,686 · excluded $71,969,686

  • 4 · Income from investment of tax-exempt bond proceeds

    total $1,565,000 · excluded $1,565,000

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $977,301,000

  • 7b · Less cost or other basis and sales expenses

    securities $496,412,000

  • 7c · Gain or loss

    securities $480,889,000

  • 7d · Net gain or loss

    total $480,889,000 · excluded $480,889,000

  • 8a · Fundraising events: gross income

    $257,980

  • 8a · Fundraising events: contributions included on line 1c

    $4,668,603

  • 8b · Fundraising events: direct expenses

    $915,216

  • 8c · Net income from fundraising events

    total -$657,236 · excluded -$657,236

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: INTERCORPORATE CORRECTION PY CONTRIBUTIONS

    total -$90,034,000 · related or exempt -$90,034,000

  • 11b · Other revenue: GIFT SHOP INCOME

    total $1,542,000 · excluded $1,542,000

  • 11c · Other revenue: VENDOR DISCOUNT

    total $2,402,000 · excluded $2,402,000

  • 11d · All other revenue

    total $16,225,236 · excluded $16,225,236

  • 11e · Other revenue, total

    -$69,864,764

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $36,661,774 · program services $26,692,645 · management and general $8,264,442 · fundraising $1,704,687

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $576,427,948 · program services $535,866,910 · management and general $6,088,632 · fundraising $34,472,406

  • 8 · Pension plan contributions

    total $41,364,117 · program services $38,499,343 · management and general $976,391 · fundraising $1,888,383

  • 9 · Other employee benefits

    total $92,637,315 · program services $84,057,884 · management and general $1,643,287 · fundraising $6,936,144

  • 10 · Payroll taxes

    total $38,498,084 · program services $35,614,737 · management and general $901,813 · fundraising $1,981,534

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $15,596,580 · program services $13,455,848 · management and general $2,110,114 · fundraising $30,618

  • 11c · Fees: accounting

    total $1,222,772 · program services $1,189,866 · management and general $32,077 · fundraising $829

  • 11d · Fees: lobbying

    total $695,301 · program services $695,301

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $10,807,219 · management and general $10,807,219

  • 11g · Fees: other

    total $75,140,177 · program services $60,515,319 · management and general $5,941,563 · fundraising $8,683,295

  • 12 · Advertising and promotion

    total $37,070,786 · program services $34,177,586 · management and general $166,463 · fundraising $2,726,737

  • 13 · Office expenses

    total $193,637,026 · program services $160,015,911 · management and general $12,351,860 · fundraising $21,269,255

  • 14 · Information technology

    total $112,909,574 · program services $111,395,305 · management and general $492,644 · fundraising $1,021,625

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $49,665,870 · program services $47,921,570 · management and general $1,611,293 · fundraising $133,007

  • 17 · Travel

    total $1,244,917 · program services $980,350 · management and general $66,937 · fundraising $197,630

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $3,934,561 · program services $3,308,359 · management and general $26,925 · fundraising $599,277

  • 20 · Interest

    total $27,803,310 · program services $27,803,310

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $118,521,950 · program services $118,036,723 · management and general $145,669 · fundraising $339,558

  • 23 · Insurance

    total $2,551,503 · program services $2,384,280 · management and general $12,555 · fundraising $154,668

  • 24a · Other expenses: NET REQUISITIONED SERVICES

    total $34,080,062 · program services $27,911,963 · management and general $2,263,882 · fundraising $3,904,217

  • 24b · Other expenses: MED/SURG SUPPLIES

    total $7,866,044 · program services $7,776,722 · management and general $89,322

  • 24c · Other expenses: UBIT EXPENSE

    total $43,411 · management and general $43,411

  • 24d · Other expenses: PHARMACEUTICALS

    total $391,131 · program services $391,131

  • 24e · All other expenses

    total -$909,432 · management and general $5,784 · fundraising -$915,216

  • 26 · Joint costs (an allocation of the lines above)

    total $13,332,009 · program services $4,685,726 · fundraising $8,646,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $155,009,000 · end of year $269,934,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,040,648,000 · end of year $1,011,324,000

  • 3 · Pledges and grants receivable

    beginning of year $168,331,000 · end of year $155,736,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $55,117,000 · end of year $76,449,000

  • 8 · Inventories for sale or use

    beginning of year $3,248,000 · end of year $2,142,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $327,165,000 · end of year $579,222,000

  • 10a · Land, buildings and equipment: cost or other basis

    $1,884,511,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $865,176,000

  • 10c · Land, buildings and equipment, net

    beginning of year $758,891,000 · end of year $1,019,335,000

  • 11 · Investments: publicly traded securities

    beginning of year $3,652,595,000 · end of year $2,968,403,000

  • 12 · Investments: other securities

    beginning of year $1,967,776,000 · end of year $1,847,674,000

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $568,953,000 · end of year $589,307,000

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,651,455,000 · end of year $1,922,836,000

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $1,350,000,000 · end of year $1,350,000,000

  • 25 · Other liabilities

    beginning of year $389,560,000 · end of year $557,544,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,726,253,000 · end of year $3,155,396,000

  • 28 · Net assets with donor restrictions

    beginning of year $442,559,000 · end of year $355,136,000

Mission and programs · 2022

Mission

MEMORIAL SLOAN-KETTERING CANCER CENTER IS DEDICATED TO THIS MISSION: LEADERSHIP IN THE PREVENTION, TREATMENT, AND CURE OF CANCER THROUGH EXCELLENCE, VISION, AND COST-EFFECTIVENESS IN PATIENT CARE, OUTREACH PROGRAMS, RESEARCH, AND EDUCATION.

Activities or mission (Part I)

LEADERSHIP IN THE PREVENTION, TREATMENT, AND CURE OF CANCER THROUGH EXCELLENCE, VISION, AND COST EFFECTIVENESS IN PATIENT CARE, OUTREACH PROGRAMS, RESEARCH, AND EDUCATION

  • MEMORIAL SLOAN-KETTERING CANCER CENTER PROVIDES THE FOLLOWING SERVICES TO ITS AFFILIATED ORGANIZATIONS: FINANCIAL ADMINISTRATION, EXECUTIVE MANAGEMENT, HUMAN RESOURCES, FACILITY MANAGEMENT, GENERAL AND ENVIRONMENTAL SERVICES, PROCUREMENT, PUBLIC AFFAIRS, RESEARCH TECHNOLOGY MANAGEMENT, CORPORATE COMPLIANCE, INFORMATION SYSTEMS AND TECHNOLOGY, AND INVESTMENT MANAGEMENT. IN ADDITION, CERTAIN SERVICES ARE PROVIDED ON A REQUISITION BASIS INCLUDING FOOD AND DIETARY SERVICES, FACILITIES MANAGEMENT (LOCKSMITH, ELECTRICIAN, PLUMBING, PAINTING AND CARPENTRY, ETC.) MEDICAL LIBRARY, CONFERENCE PLANNING, OCCUPANCY OF LEASED SPACE, TRANSPORTATION, IMMIGRATION SERVICES, MEDICAL ILLUSTRATION, MOTION MEDIA, SECURITY SERVICES SUCH AS INSTALLING ANTI-THEFT DEVICES AND MAILROOM SERVICES.

    Expenses $1,299,827,924 · Revenue $1,224,646,000

  • CAFETERIA: THE CENTER OPERATES A CAFETERIA IN THE MAIN BUILDING COMPLEX WHERE VISITORS AND PATIENTS CAN PURCHASE MEALS AND SNACKS. SOCIETY OF MSKCC: THE SOCIETY OF MEMORIAL SLOAN-KETTERING CANCER CENTER, FOUNDED IN 1946, IS A VOLUNTEER ORGANIZATION DEDICATED TO PROMOTING THE WELL-BEING OF PATIENTS, SUPPORTING CANCER RESEARCH AND PROVIDING PUBLIC EDUCATION ON THE PREVENTION, EARLY DETECTION AND TREATMENT OF CANCER. PROSTATE CANCER CLINICAL TRIALS CONSORTIUM, LLC. (PCCTC): THE PROSTATE CANCER CLINICAL TRIALS CONSORTIUM (PCCTC) WAS INITIATED IN 2005 BY THE PROSTATE CANCER FOUNDATION (PCF) AND THE U.S. DEPARTMENT OF DEFENSE (DOD) PROSTATE CANCER RESEARCH PROGRAM (PCRP). ESTABLISHED AS AN INDEPENDENT ENTITY IN 2014, THE PCCTC, LLC IS NOW THE NATION'S PREMIER MULTICENTER CLINICAL RESEARCH ORGANIZATION SPECIALIZING IN CUTTING-EDGE PROSTATE CANCER RESEARCH. MSK IS THE SINGLE MEMBER OF THE PCCTC, WHO HAS ELECTED TO BE TREATED AS A DISREGARDED ENTITY OF MSK FOR TAX PURPOSES. THE COSTS SHOWN HERE FOR THE ABOVE PROGRAMS, ARE EXCLUSIVE OF FUNDRAISING ACTIVITIES, WHICH ARE REPORTED IN PART IX, COLUMN D. EXPENSE REVENUE CAFETERIA $ 5,423,714 $ 4,441,000 SOCIETY $ 3,906,827 $ 0 PCCTC $17,427,773 $18,978,000 TOTAL $26,758,314 $23,419,000

    Expenses $26,758,314 · Revenue $23,419,000

  • MSKCC PAYS FEES TO CORNELL MEDICAL CENTER AND OTHER MEDICAL INSTITUTIONS FOR STAFF TO FURTHER THEIR SCIENTIFIC EDUCATION. IN ADDITION, THE CENTER HOSTS A NUMBER OF SYMPOSIUMS, SOME OF WHICH ARE OPEN TO THE PUBLIC.

    Expenses $12,104,825

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Craig P Thompson MD

    BOARD MBR PRES & CEO TO 10/22

    Total calculated
    $8,120,960
    From this org
    $7,914,850
    From related orgs
    $0
    Other
    $206,110
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,786,111
    Bonus
    $6,080,000
    Other
    $48,739
    Deferred
    $15,250
    Nontaxable benefits
    $190,860
    Filer's total
    $8,120,960

  • Jason Klein

    SVP & CHIEF INVESTMENT OFFICER

    Total calculated
    $6,884,047
    From this org
    $6,807,925
    From related orgs
    $0
    Other
    $76,122
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,178,244
    Bonus
    $2,530,000
    Other
    $3,099,681
    Deferred
    $24,400
    Nontaxable benefits
    $51,722
    Filer's total
    $6,884,047

  • Michael Harrington

    evp & CFO

    Total calculated
    $2,802,275
    From this org
    $2,743,280
    From related orgs
    $0
    Other
    $58,995
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,532,483
    Bonus
    $1,171,000
    Other
    $39,797
    Deferred
    $24,400
    Nontaxable benefits
    $34,595
    Filer's total
    $2,802,275

  • Kathryn Martin

    EVP & COO

    Total calculated
    $2,506,489
    From this org
    $2,433,536
    From related orgs
    $0
    Other
    $72,953
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,525,357
    Bonus
    $861,318
    Other
    $46,861
    Deferred
    $24,400
    Nontaxable benefits
    $48,553
    Filer's total
    $2,506,489

  • Kenneth Manotti

    SVP DEVELOPMENT

    Total calculated
    $1,596,629
    From this org
    $1,530,627
    From related orgs
    $0
    Other
    $66,002
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $950,559
    Bonus
    $541,062
    Other
    $39,006
    Deferred
    $24,400
    Nontaxable benefits
    $41,062
    Filer's total
    $1,596,089

  • Jorge Lopez Esq

    EVP & GENERAL COUNCEL

    Total calculated
    $1,594,875
    From this org
    $1,517,979
    From related orgs
    $0
    Other
    $76,896
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,016,197
    Bonus
    $481,555
    Other
    $20,227
    Deferred
    $24,400
    Nontaxable benefits
    $52,496
    Filer's total
    $1,594,875

  • Selwyn Vickers MD

    BOARD MBR PRES & CEO EFF 10/22

    Total calculated
    $1,425,415
    From this org
    $1,366,363
    From related orgs
    $0
    Other
    $59,052
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $862,205
    Bonus
    $500,000
    Other
    $4,158
    Deferred
    $15,250
    Nontaxable benefits
    $43,802
    Filer's total
    $1,425,415

  • Roxanne Taylor

    CHIEF MARKET & COMM. OFFICER

    Total calculated
    $1,391,422
    From this org
    $1,359,028
    From related orgs
    $0
    Other
    $32,394
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $708,790
    Bonus
    $450,000
    Other
    $200,238
    Deferred
    $24,400
    Nontaxable benefits
    $7,994
    Filer's total
    $1,391,422

  • Gregory Raskin

    VP, TECHNOLOGY DEVELOPMENT

    Total calculated
    $1,373,425
    From this org
    $1,302,615
    From related orgs
    $0
    Other
    $70,810
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $659,804
    Bonus
    $498,062
    Other
    $144,749
    Deferred
    $24,400
    Nontaxable benefits
    $46,610
    Filer's total
    $1,373,625

  • Debra Berns Esq

    SVP & CHIEF RISK OFFICER

    Total calculated
    $1,317,404
    From this org
    $1,273,673
    From related orgs
    $0
    Other
    $43,731
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $899,983
    Bonus
    $360,000
    Other
    $13,690
    Deferred
    $24,400
    Nontaxable benefits
    $19,331
    Filer's total
    $1,317,404

  • Kerry Bessey

    SVP & CHIEF HR OFFICER

    Total calculated
    $1,301,354
    From this org
    $1,224,934
    From related orgs
    $0
    Other
    $76,420
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $752,352
    Bonus
    $429,270
    Other
    $43,312
    Deferred
    $24,400
    Nontaxable benefits
    $52,020
    Filer's total
    $1,301,354

  • Philip Kantoff

    VISITING INVESTIGATOR

    Total calculated
    $1,295,376
    From this org
    $1,294,903
    From related orgs
    $0
    Other
    $473
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $1,294,903
    Deferred
    $0
    Nontaxable benefits
    $473
    Filer's total
    $1,295,376

  • Wendy Perchick

    SVP STRATEGIC PLANNING & INNOV

    Total calculated
    $1,224,812
    From this org
    $1,168,019
    From related orgs
    $0
    Other
    $56,793
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $719,739
    Bonus
    $406,698
    Other
    $41,582
    Deferred
    $24,400
    Nontaxable benefits
    $32,393
    Filer's total
    $1,224,812

  • Larry Norton MD

    SVP OFFICE OF THE PRESIDE/CEO

    Total calculated
    $1,099,572
    From this org
    $1,014,920
    From related orgs
    $0
    Other
    $84,652
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $972,473
    Bonus
    $0
    Other
    $42,447
    Deferred
    $31,650
    Nontaxable benefits
    $53,002
    Filer's total
    $1,099,572

  • Tracy Gosselin

    SVP CHIEF NURSING EXEC

    Total calculated
    $1,083,876
    From this org
    $1,048,093
    From related orgs
    $0
    Other
    $35,783
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $827,875
    Bonus
    $220,218
    Other
    $0
    Deferred
    $24,400
    Nontaxable benefits
    $11,383
    Filer's total
    $1,083,876

  • Remy Evard

    EVP CHIEF DIGITAL OFFICER

    Total calculated
    $1,026,430
    From this org
    $974,374
    From related orgs
    $0
    Other
    $52,056
    Hours/week
    50

  • Mark Svenningson

    SVP FINANCE

    Total calculated
    $1,005,648
    From this org
    $944,682
    From related orgs
    $0
    Other
    $60,966
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $736,994
    Bonus
    $175,003
    Other
    $32,685
    Deferred
    $24,400
    Nontaxable benefits
    $36,566
    Filer's total
    $1,005,648

  • Carolyn Levine Esq

    DEPUTY GEN COUNSEL CORP SECTY

    Total calculated
    $618,089
    From this org
    $571,052
    From related orgs
    $0
    Other
    $47,037
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $464,068
    Bonus
    $89,116
    Other
    $17,868
    Deferred
    $15,250
    Nontaxable benefits
    $31,787
    Filer's total
    $618,089

  • Amador Centeno

    SVP, FACILITIES MGMT & CONST

    Total calculated
    $408,431
    From this org
    $382,805
    From related orgs
    $0
    Other
    $25,626
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $347,732
    Bonus
    $0
    Other
    $35,073
    Deferred
    $24,034
    Nontaxable benefits
    $1,592
    Filer's total
    $408,431

  • Richard I Beattie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ian Cook

    VICE CHAIR EFF JUNE 2022

    Total calculated
    $0
    Hours/week
    2

  • Stanley F Druckenmiller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anthony B Evnin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roger W Ferguson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William E Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard N Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Friedman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ellen V Futter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Louis V Gerstner Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan N Grayer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Benjamin W Heineman Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marie-Josee Kravis

    VICE CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Jamie C Nicholls

    VICE CHAIR UNTILL JUNE 2022

    Total calculated
    $0
    Hours/week
    2

  • James G Niven

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bruce C Ratner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alexander T Robertson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James D Robinson III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Virginia M Rometty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter J Solomon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John R Strangfeld

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott M Stuart

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Clifton S Robbins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Douglas A Warner III

    HONORARY CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Henry A Fernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alan D Schnitzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William Helman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margaret Keane

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen C Sherrill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

SUPPLEMENTAL COMPENSATION INFORMATION
SCHEDULE J, PART I LINE 1A - BUSINESS OR FIRST-CLASS TRAVEL IS ALLOWED FOR FLIGHTS GREATER THAN SIX CONTINUOUS HOURS FOR ANY EMPLOYEE NOT FUNDED BY FEDERAL GRANTS. EXCEPTIONS TO THE SIX HOUR RULE ARE REVIEWED ON AN INDIVIDUAL BASIS. ALL TRAVEL MUST BE APPROVED BEFORE ANY ARRANGEMENTS ARE MADE. MSKCC HAS AN ACCOUNTABLE TRAVEL POLICY AND THEREFORE, DOES NOT INCLUDE TRAVEL AS TAXABLE COMPENSATION. THE DUTIES TO BE PERFORMED BY OUR PRESIDENT REQUIRE HIM TO BE ON CALL AND TO PERFORM DUTIES AS AND WHEN APPROPRIATE DURING HIS OFF-DUTY PERIODS AS WELL AS DURING NORMAL OFFICE HOURS. AN EMPLOYMENT CONTRACT REQUIRES OUR PRESIDENT TO LIVE IN THE OFFICIAL RESIDENCE OWNED AND MAINTAINED BY THE INSTITUTION. THE CONTRACT REQUIRES OUR PRESIDENT TO USE THE RESIDENCE FOR INSTITUTIONAL PURPOSES, INCLUDING, BUT NOT LIMITED TO, MEETINGS WITH STAFF, DONORS AND POTENTIAL DONORS, VISITING PROFESSORS AND SCIENTISTS, AND OTHER PERSONS INVOLVED WITH THE AFFAIRS OF THE INSTITUTION, CONFIDENTIAL INTERVIEWS WITH MEMBERS AND PROSPECTIVE MEMBERS OF THE STAFF; AND FOR OTHER INSTITUTIONAL ACTIVITIES CONDUCTED DURING AND OUTSIDE OF NORMAL OFFICE HOURS. THE COST IS REPORTED AS COMPENSATION ON FORM 990 AND IS EXCLUDED FROM TAXABLE COMPENSATION IN ACCORDANCE WITH CODE SECTION 119. SCHEDULE J, PART I LINE 4A - INCLUDED IN FORM 990 IS SEVERANCE PAY FOR: PHILLIP KANTOFF MD., CHAIRMAN ATTENDING $1,250,040. TERMINATED IN 2021. ROXANNE TAYLOR, SVP, CHIEF MARKETING & COMMUNICATIONS OFFICER $179,567. TERMINATED IN 2022 LINE 4B - JASON KLEIN WAS PAID $1,073,126 AS PART OF A DEFERRED COMPENSATION AGREEMENT. LINE 7 - INCENTIVE PAY IS PROVIDED TO OFFICERS AND KEY EMPLOYEES BASED ON THEIR ACHIEVEMENT OF PRE-DETERMINED GOALS RELATING TO QUALITY OF CARE, PATIENT SAFETY, OPERATIONAL EFFICIENCY AND FINANCIAL PERFORMANCE. THE COMPENSATION COMMITTEE OF THE BOARD AUTHORIZES ALL EXECUTIVE BONUSES AND INCENTIVE PLANS ON AN ANNUAL BASIS. IN ADDITION, AS WELL AS AN OVERALL AUTHORIZATION AND APPROVAL FOR KEY EMPLOYEES AND OTHER MANAGEMENT INCLUDING PROFESSIONAL AND OTHER STAFF BY SETTING THE BONUS POOL IN CONJUNCTION WITH THE INPUT FROM HUMAN RESOURCES. STAFF BONUSES ARE IMPACTED BY ANNUAL MERIT REVIEW PROCESS. LINE 8 - AN EMPLOYMENT CONTRACT WAS ENTERED INTO AND SIGNED PRIOR TO EMPLOYMENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PROSTATE CANCER CLINICAL TRIALS

    CANCER CARE · DE · income $19,074,000 · assets $3,149,000

    Directly controlled by MSKCC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MEM RADIATION ONCOL

    RELATED · HEALTH CARE · NY · 1% owned · share of income $25,887,511 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM PATHOLOGY GROUP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $57,379,205 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM ANESTHESIOLOGY

    RELATED · HEALTH CARE · NY · 1% owned · share of income $67,418,786 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM PEDIATRICS GRP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $10,352,522 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM NEUROLOGY GROUP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $14,662,023 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM PSYCHIATRY GRP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $4,019,852 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK NASSAU

    RELATED · HEALTH CARE · NY · 1% owned · share of income $18,624,955 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM INFECT DISEASE

    RELATED · HEALTH CARE · NY · 1% owned · share of income $2,816,016 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK SURGERY GROUP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $184,940,977 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK HAUPPAUGE

    RELATED · HEALTH CARE · NY · 1% owned · share of income $5,772,737 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • INTERGRATIVE MED

    RELATED · HEALTH CARE · NY · 1% owned · share of income $2,240,274 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK-REGIONAL NETWK

    RELATED · HEALTH CARE · NY · 1% owned · share of income $22,732,574 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK BASKING RIDGE

    RELATED · HEALTH CARE · NY · 1% owned · share of income $19,043,156 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM URGENT CARE GRP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $7,893,695 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM CLN GENETICS

    RELATED · HEALTH CARE · NY · 1% owned · share of income $910,042 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM DEVELOP CHEMO

    RELATED · HEALTH CARE · NY · 1% owned · share of income $5,811,207 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM MEDICAL CONSULT

    RELATED · HEALTH CARE · NY · 1% owned · share of income $10,868,351 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK CLINIC PRACTICE

    RELATED · HEALTH CARE · NY · 1% owned · share of income $12,570,136 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • RALPH LAUREN CTR

    RELATED · HEALTH CARE · NY · 1% owned · share of income $439,483 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM CLINICAL PHY

    RELATED · HEALTH CARE · NY · 1% owned · share of income $2,126,700 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM SOLID TUMOR GRP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $47,704,965 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM DERMATOLOGY GRP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $8,590,503 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM ENDOCRINE GRP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $4,754,474 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • GASTROENTEROLOGY

    RELATED · HEALTH CARE · NY · 1% owned · share of income $10,182,130 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM HEMATOLOGYLYMP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $22,938,805 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM PULMONARY FUNC

    RELATED · HEALTH CARE · NY · 1% owned · share of income $4,928,298 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM CARDIOPULMONARY

    RELATED · HEALTH CARE · NY · 1% owned · share of income $5,623,677 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK RADIOLOGY GRP

    RELATED · HEALTH CARE · NY · 1% owned · share of income $78,255,556 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MEM NUCLEAR MED

    RELATED · HEALTH CARE · NY · 1% owned · share of income $10,018,171 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK HARRISON

    related · HEALTH CARE · NY · 1% owned · share of income $29,190,150 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK BERGEN

    related · HEALTH CARE · NY · 1% owned · share of income $17,647,019 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • MSK MONMOUTH

    related · HEALTH CARE · NY · 1% owned · share of income $26,584,674 · share of assets $0 · general or managing partner

    Directly controlled by MEM

  • PANAKEIA ENERGY

    EXCLUDED UNDER 512 · INVESTMENT · DE · 0% owned · share of income -$19,664 · share of assets $0

    Directly controlled by MSK

  • BTS LIQUIDATING LLC

    EXCLUDED UNDER 512 · INVESTMENT · NY · 80% owned · share of income -$76,775 · share of assets $129,602

    Directly controlled by MSK

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS 196

  • TWO SIGMA US ALL CAP

    C · INVESTMENT · CJ · 100% owned · share of income -$20,256,282 · share of assets $145,125,677 · controlled entity

    Directly controlled by MSK

  • AXAR OFFSHORE FUND LTD

    C · INVESTMENT · CJ · 80.35% owned · share of income $3,462,645 · share of assets $47,974,744 · controlled entity

    Directly controlled by MSK

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349305773

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